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Potbelly Corp

PBPBDelisted Oct 23, 2025
Industry
Retail-Eating Places
SEC CIK
0001195734

Potbelly Corp was delisted on Oct 23, 2025; its insiders filed their last Form 4 on Oct 27, 2025; 132 institutions reported holding it in 13F filings for Q3 2025, worth $440.6M in total; Soros Fund Management was the only superinvestor holding it.

13F holders, Q3 2023

Institutional positions in Potbelly Corp as of Sep 30, 2023. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
91
+6 vs. Q2 2023
Shares held
18.0M
−118.7K (−0.7%) vs. Q2 2023
Total value
$140.9M
−$18.6M (−11.7%) vs. Q2 2023
New holders
16
21 more added
Sold out
10
28 more reduced

1 institution that held it in Q2 2023 haven't filed for Q3 2023 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q2 2023: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting PBPB on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ3 2023: 91 institutions
Q1 2021: 58 institutionsQ2 2021: 66 institutionsQ3 2021: 64 institutionsQ4 2021: 59 institutionsQ1 2022: 52 institutionsQ2 2022: 52 institutionsQ3 2022: 53 institutionsQ4 2022: 55 institutionsQ1 2023: 75 institutionsQ2 2023: 86 institutionsQ3 2023: 91 institutionsQ4 2023: 90 institutionsQ1 2024: 118 institutionsQ2 2024: 110 institutionsQ3 2024: 109 institutionsQ4 2024: 114 institutionsQ1 2025: 115 institutionsQ2 2025: 125 institutionsQ3 2025: 132 institutionsQ4 2025: 1 institutionQ1 2026: 0 institutionsQ2 2026: 0 institutions
Value heldQ3 2023: $140.9M
Q1 2021: $85.7MQ2 2021: $117.1MQ3 2021: $99.9MQ4 2021: $85.2MQ1 2022: $103.6MQ2 2022: $88.2MQ3 2022: $68.2MQ4 2022: $83.3MQ1 2023: $140.8MQ2 2023: $162.1MQ3 2023: $140.9MQ4 2023: $195.7MQ1 2024: $254.1MQ2 2024: $167.6MQ3 2024: $175.7MQ4 2024: $208.7MQ1 2025: $208.9MQ2 2025: $287.3MQ3 2025: $440.6MQ4 2025: $16.3KQ1 2026: $0Q2 2026: $0
Institutions holding PBPB and their total value by quarter
QuarterHoldersValue
Q2 20260$0
Q1 20260$0
Q4 20251$16.3K
Q3 2025132$440.6M
Q2 2025125$287.3M
Q1 2025115$208.9M
Q4 2024114$208.7M
Q3 2024109$175.7M
Q2 2024110$167.6M
Q1 2024118$254.1M
Q4 202390$195.7M
Q3 202391$140.9M
Q2 202386$162.1M
Q1 202375$140.8M
Q4 202255$83.3M
Q3 202253$68.2M
Q2 202252$88.2M
Q1 202252$103.6M
Q4 202159$85.2M
Q3 202164$99.9M
Q2 202166$117.1M
Q1 202158$85.7M

Institutions, Q3 2023

Shares, value and share of portfolio for each institution holding Potbelly Corp; share changes are against Q2 2023.

Institutions holding PBPB in Q3 2023
InstitutionSharesValue% of portfolioChange in sharesAction
Parallel Advisors, LLC4$310.00%00.0%Unchanged
Fortis Group Advisors, LLC20$1560.00%+20New
Citigroup Inc22$1720.00%−7,749−99.7%Reduced
Larson Financial Group LLC176$1.37K0.00%00.0%Unchanged
Comerica Bank262$2.04K0.00%+262New
Citadel Advisors LLC326$2.54K0.00%−57,427−99.4%Reduced
FMR LLC427$3.33K0.00%+25+6.2%Added
Federated Hermes, Inc.438$3.42K0.00%−444−50.3%Reduced
IFP Advisors, Inc900$7.02K0.00%00.0%Unchanged
North Star Investment Management Corp.1,000$7.80K0.00%00.0%Unchanged
Advisor Group Holdings, Inc.1,100$8.58K0.00%−85−7.2%Reduced
Tower Research Capital LLC (TRC)1,103$8.60K0.00%+404+57.8%Added
New York State Common Retirement Fund1,147$8.95K0.00%−11,053−90.6%Reduced
Qube Research & Technologies Ltd1,286$10.0K0.00%+1,286New
Metropolitan Life Insurance Co1,443$11.3K0.00%00.0%Unchanged
Ameritas Investment Partners, Inc.2,155$16.8K0.00%00.0%Unchanged
Simplex Trading, LLC2,707$21.0K0.00%+2,707New
Group One Trading, L.P.3,000$23.4K0.00%+3,000New
Legal & General Group Plc3,016$23.5K0.00%00.0%Unchanged
Royal Bank of Canada3,903$30.0K0.00%+976+33.3%Added
Amalgamated Bank3,957$31.0K0.00%00.0%Unchanged
Allspring Global Investments Holdings, LLC4,771$37.2K0.00%+4,771New
Wells Fargo & Company5,207$40.6K0.00%−5,670−52.1%Reduced
Salem Investment Counselors Inc5,239$40.9K0.00%00.0%Unchanged
Barclays PLC5,512$43.0K0.00%+283+5.4%Added
California State Teachers Retirement System5,759$44.9K0.00%−2,924−33.7%Reduced
CI Private Wealth, LLC10,000$78.0K0.00%00.0%Unchanged
Manufacturers Life Insurance Company, The11,075$86.4K0.00%00.0%Unchanged
Voya Investment Management LLC11,131$86.8K0.00%00.0%Unchanged
Bank of America Corp11,427$89.1K0.00%+7,823+217.1%Added
Goldman Sachs Group Inc12,102$94.4K0.00%+12,102New
Deutsche Bank AG12,983$101.3K0.00%+10,968+544.3%Added
American International Group, Inc.13,026$101.6K0.00%+462+3.7%Added
XTX Topco Ltd13,288$103.6K0.02%−5,766−30.3%Reduced
Truist Financial Corp13,570$105.8K0.00%+13,570New
UBS Group AG13,867$108.2K0.00%−2,154−13.4%Reduced
MetLife Investment Management13,924$108.6K0.00%00.0%Unchanged
Mirae Asset Global Investments Co., Ltd.14,278$111.4K0.00%00.0%Unchanged
Man Group plc–$112.1K0.00%––
JPMorgan Chase & Co17,739$138.4K0.00%−11,236−38.8%Reduced
O'Shaughnessy Asset Management, LLC19,064$148.7K0.00%−7,158−27.3%Reduced
AQR Capital Management LLC21,117$164.7K0.00%+21,117New
BNP Paribas Arbitrage, SA23,797$185.6K0.00%+5,952+33.4%Added
Commonwealth Equity Services, LLC24,550$191.0K0.00%00.0%Unchanged
Stephens Inc25,185$196.4K0.00%00.0%Unchanged
Rhumbline Advisers25,219$196.7K0.00%+1,867+8.0%Added
American Century Companies Inc25,394$198.1K0.00%+4,918+24.0%Added
Campbell & CO Investment Adviser LLC26,151$204.0K0.02%−8,571−24.7%Reduced
Acadian Asset Management LLC28,256$219.0K0.00%−201,383−87.7%Reduced
Millennium Management LLC29,405$229.4K0.00%−440,300−93.7%Reduced
Walleye Capital LLC32,371$252.5K0.00%−34,490−51.6%Reduced
Orchard Capital Managment, LLC32,425$252.9K0.09%00.0%Unchanged
Engineers Gate Manager LP34,935$272.5K0.01%−17,901−33.9%Reduced
Susquehanna International Group, LLP36,823$287.2K0.00%+23,716+180.9%Added
Janney Montgomery Scott LLC48,136$375.0K0.00%+48,136New
Russell Investments Group, Ltd.52,668$410.8K0.00%+52,668New
Morgan Stanley59,764$466.2K0.00%−27,331−31.4%Reduced
Connor, Clark & Lunn Investment Management Ltd.60,392$471.1K0.00%−13,438−18.2%Reduced
Bridgeway Capital Management, LLC63,600$496.1K0.01%−50,000−44.0%Reduced
First Trust Advisors LP64,495$503.1K0.00%+64,495New
Fortis Advisors, LLC69,969$545.8K0.41%00.0%Unchanged
Invesco Ltd.70,732$551.7K0.00%+57,404+430.7%Added
Charles Schwab Investment Management Inc71,357$556.6K0.00%00.0%Unchanged
Victory Capital Management Inc72,523$565.7K0.00%+580+0.8%Added
Bank of New York Mellon Corp72,822$568.0K0.00%00.0%Unchanged
Raffles Associates LP92,960$725.1K0.96%00.0%Unchanged
Ancora Advisors, LLC99,418$775.5K0.02%+99,418New
American Financial Group Inc100,000$780.0K0.27%00.0%Unchanged
Marshall Wace, LLP104,602$815.9K0.00%−101,419−49.2%Reduced
Los Angeles Capital Management LLC109,546$854.5K0.00%+109,546New
Two Sigma Advisers, LP110,500$861.9K0.00%+30,800+38.6%Added
Advisory Research Inc113,040$881.7K0.12%−82,443−42.2%Reduced
Two Sigma Investments, LP126,564$987.2K0.00%−36,461−22.4%Reduced
Boothbay Fund Management, LLC134,166$1.05M0.04%+134,166New
Arrowstreet Capital, Limited Partnership139,960$1.09M0.00%−66,330−32.2%Reduced
Nuveen Asset Management, LLC149,874$1.17M0.00%+52,620+54.1%Added
Assenagon Asset Management S.A.179,974$1.40M0.00%−18,138−9.2%Reduced
Northern Trust Corp215,765$1.68M0.00%−431−0.2%Reduced
Cerity Partners LLC292,752$2.28M0.01%+292,752New
State Street Corp415,255$3.24M0.00%+39,273+10.4%Added
Geode Capital Management, LLC494,985$3.86M0.00%+23,338+4.9%Added
Dimensional Fund Advisors LP541,614$4.22M0.00%−12,504−2.3%Reduced
First Eagle Investment Management, LLC737,980$5.76M0.02%+173,227+30.7%Added
Heartland Advisors Inc961,900$7.50M0.42%00.0%Unchanged
Archon Capital Management LLC1,296,791$10.1M4.53%+36,137+2.9%Added
Punch & Associates Investment Management, Inc.1,315,510$10.3M0.66%00.0%Unchanged
Renaissance Technologies LLC1,518,586$11.8M0.02%−107,368−6.6%Reduced
Soviero Asset Management, LP1,520,000$11.9M7.72%−43,830−2.8%Reduced
Vanguard Group Inc1,566,193$12.2M0.00%+405,497+34.9%Added
BlackRock Inc.1,686,854$13.2M0.00%+92,664+5.8%Added
Nierenberg Investment Management Company, Inc.2,709,860$21.1M15.18%00.0%Unchanged
Hillsdale Investment Management Inc.0$00.00%−375,129−100.0%Sold out
Cubist Systematic Strategies, LLC0$00.00%−24,897−100.0%Sold out
Occudo Quantitative Strategies LP0$00.00%−24,883−100.0%Sold out
Jump Financial, LLC0$00.00%−15,600−100.0%Sold out
Ergoteles LLC0$00.00%−14,426−100.0%Sold out
Belvedere Trading LLC0$00.00%−14,406−100.0%Sold out
Ritholtz Wealth Management0$00.00%−11,714−100.0%Sold out
Quantbot Technologies LP0$00.00%−7,846−100.0%Sold out
Quarry LP0$00.00%−2,174−100.0%Sold out